K92 is pleased to provide an update on the latest Grade Control Drilling on the Irumafimpa Deposit Intercepts include:
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: (604) 687-7130
Facsimile: (604) 608-9110
NEWS RELEASE
February 27th, 2017 Vancouver, British Columbia
K92 MINING INC.
K92 is pleased to provide an update on the latest Grade Control Drilling on the
Irumafimpa Deposit
Intercepts include:
4.4m at 12.67 g/t Au plus 2m at 5.14 g/t Au, plus 0.8m at 41.6 g/t Au in hole
GCDD0022
2.7m at 26.54 g/t Au in hole GCDD0023
2.3m at 15.04 g/t Au in hole GCDC0027
3m at 18.46 g/t Au plus 3m at 19.82 g/t Au in hole GCDD0028
6.1m at 9.87 g/t Au plus 2.2m at 10.34 g/t Au plus 1m at 9.41 g/t Au in hole
GCDD0029
2m at 23.12 g/t Au in hole GCDD0036
K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to announce recent results from the ongoing
grade control drilling program at its high grade Ka inantu Gold Mine, which is currently ramping
up towards commercial production.
The latest results are from the ongoing campa ign of close spaced underground diamond drilling
which is part of a comprehensive grade c ontrol strategy commenced in September 2016. The
current grade control results are from an area of the Irumafimpa Deposit which will be mined in
the coming six months and is designed to brin g a high degree of confid ence to the production
planning and scheduling. The closed space drilli ng pattern of approximately 15 metres by 15
metres has significantly increased the confidence in this previously sparsely drilled area, with
almost every hole recording high grade intersections.
Table 1 and 2 below provides a summary of the results from diamond grade control holes twenty
two to thirty six which have been drilled in to the stope areas it is planned to be mined
underground. Table 1 provides a summary of the si gnificant intercepts fr om the holes, while
Table 2 provides details of collar location and hole orientation.
Table 1 Kainantu Gold Mine – Significant Intercepts from Irumafimpa Grade Control
Hole_id From (m) To (m)
Interval
(m)
True
width (m) Gold g/t Copper % Silver g/t
Gold
equivalent
GCDD0022 15.6 16.8 1.2 1.02 4.04 0.025 4.3 4.13
GCDD0022 24.3 28.7 4.4 3.90 12.67 0.028 2.9 12.75
including 24.3 27 2.7 2.40 18.60 0.026 2.9 18.68
GCDD0022 34.6 36.6 2 1.81 5.14 0.084 1.7 5.28
including 34.6 35.2 0.6 0.54 15.80 0.007 1.2 15.83
GCDD0022 41.8 47.5 5.7 5.25 1.58 0.091 3.6 1.76
including 47 47.5 0.5 0.46 4.15 0.049 3.9 4.27
GCDD0022 67 67.8 0.8 0.77 41.60 0.262 82.8 43.08
GCDD0022 70.6 71.8 1.2 1.16 2.65 0.057 1.8 2.76
GCDD0023 13.2 15.6 2.4 2.30 1.67 0.006 5.3 1.75
GCDD0023 21.5 24.2 2.7 2.59 26.54 0.051 2.1 26.64
including 22.1 24.2 2.1 2.01 32.10 0.056 2.1 32.21
GCDD0024 65.4 66.9 1.5 1.32 16.20 0.049 1.9 16.29
GCDD0025 25.3 28.98 3.68 3.23 2.22 0.016 1.3 2.26
including 25.3 26.43 1.13 0.99 6.27 0.006 2.0 6.31
GCDD0025 49 51 2 1.85 4.27 0.014 2.0 4.32
including 49 50 1 0.92 7.46 0.015 2.0 7.51
GCDD0025 67.5 70 2.5 2.38 15.80 0.203 13.0 16.26
GCDD0027 67 69.3 2.3 2.10 15.04 0.039 2.3 15.13
including 67 68.3 1.3 1.19 25.50 0.056 3.7 25.63
GCDD0027 80.2 80.4 0.2 0.19 2.56 4.200 43.2 9.14
GCDD0028 71.00 74.00 3.0 2.43 18.46 0.076 0.7 18.57
including 71.00 72.27 1.3 1.03 13.10 0.023 0.5 13.14
including 72.76 74.00 1.2 1.00 31.08 0.155 1.1 31.32
GCDD0028 77.00 80.00 3.0 2.43 19.82 0.135 1.4 20.03
including 77.00 77.60 0.6 0.49 95.20 0.016 2.6 95.26
GCDD0029 31.70 37.80 6.1 3.90 9.87 0.025 1.3 9.93
including 35.60 37.80 2.2 1.32 23.60 0.022 2.8 23.67
GCDD0029 43.60 44.60 1.0 0.61 9.41 0.163 1.8 9.67
GCDD0029 61.76 64.00 2.2 1.37 10.34 0.061 3.0 10.46
including 63.00 64.00 1.0 0.61 21.70 0.041 3.7 21.81
GCDD0033 31.00 32.00 1.0 pending 3.85 0.924 32.5 5.60
GCDD0036 27.00 28.00 1.0 pending 4.72 pending pending pending
GCDD0036 37.00 38.00 1.0 pending 6.96 pending pending pending
GCDD0036 83.00 85.00 2.0 pending 23.12 pending pending pending
including 83.00 84.00 1.0 pending 12.44 pending pending pending
including 84.00 85.00 1.0 pending 33.79 pending pending pending
Notes
Gold Equivalent uses Copper price – US$2.50/lb; Silver price US$16/oz and Gold price of US$1200/oz
Table 2 Kainantu Gole Mine – Collar Locations for Irumafimpa Grade Control Drilling
Hole_id
Collar location Collar orientation
EOH depth
(m) Lode Local north Local East Dip Local azimuth
GCDD0022 59643.47 29950.59 1233.47 -35.42 242.86 76.7 Irumafimpa
GCDD0023 59655.6 29921.25 1249.79 15.89 270.44 79.9 Irumafimpa
GCDD0024 59643.37 29950.4 1234.75 2.82 242.85 73 Irumafimpa
GCDD0025 59656.428 29923.16 1249.48 15.38 304.21 70 Irumafimpa
GCDD0026 59644.73 29946.53 1234.11 -8.87 249.76 81 Irumafimpa
GCDD0027 59644.76 29946.53 1233.84 -18.52 251.03 86.4 Irumafimpa
GCDD0028 59644.55 29946.08 1233.25 -31.2 248.43 97 Irumafimpa
GCDD0029 59657.11 29923.50 1249.45 13.46 320.19 100.1 Irumafimpa
GCDD0030 59643.36 29950.39 1234.74 7.94 242.41 104.7 Irumafimpa
GCDD0031 59729.50 29939.58 1262.08 -3.61 276.98 In progress Irumafimpa
GCDD0032 Yet to drill Irumafimpa
GCDD0033 59643.19 29950.19 1234.15 -4.22 233.83 105.1 Irumafimpa
GCDD0034 59643.29 29950.35 1233.90 -14.77 233.25 105 Irumafimpa
GCDD0035 Yet to drill Irumafimpa
GCDD0036 59647.00 29948.00 1236.00 5 313 101 Irumafimpa
Ian Stalker, K92 Chief Executive Officer and Director, states, “The continuing high grade
results we are seeing from our grade control drill ing provide us with increasing confidence in
both the continuity and the high grade nature of the Irumafimpa system. As in previous drilling,
there is also evidence of multiple parallel high grade veins within close proximity to each other,
providing the potential for several veins to be mined from the same underground access. The
number of these high grade results along with previous drilling results, are perhaps indicative of
our internal high grade cut being too aggressive.
It is also good to note the consistency of thes e results, as we near the commencement of the
internal underground drilling campaign designed to test the undrilled area between this
Irumafimpa ore body, and the Kora orebody.”
K92 Geologist Andrew Kohler, BSc, P. Geo, a qualified person under the meaning of Canadian
National Instrument 43-101, has reviewed and is re sponsible for the techni cal content of this
news release.
On behalf of the company,
Ian Stalker
Chief Executive Officer and Director
CAUTIONARY STATEMENT REGARDING FO RWARD-LOOKING INFORMATION: This
news release includes certain “forward-looking statements” under applicable Canadian securities
legislation. Forward-looking statements are ne cessarily based upon a number of estimates and
assumptions that, while considered reasonabl e, are subject to known and unknown risks,
uncertainties, and other factors wh ich may cause the actual results and future events to differ
materially from those expressed or implied by su ch forward-looking statements. All statements
that address future plans, production, activities, events or developments that the Company
believes, expects or anticipate s will or may occur are forward-looking information, including
statements regarding potential ongoing produ ction which may or may not occur and the
generation of further production assessment work at deposits, which may or may not occur.
While commercial production is targeted, there is no assurance it will be achieved. Forward-
looking statements and information contained herein are based on certain factors and
assumptions regarding, among other things, the mark et price of the Company’s securities, metal
prices, taxation, the estimation, timing and amount of future exploration and development,
capital and operating costs, the availability of financing, the receipt of regulatory approvals,
environmental risks, title disput es, failure of plant, equipmen t or processes to operate as
anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other
risks of the mining industry, changes in nation al and local government regulation of mining
operations, and regulations and other matters. Ther e can be no assurance that such statements
will prove to be accurate, as actual results and fu ture events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-
looking statements. The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whethe r as a result of new information, future events or otherwise,
except as required by law.